[ANN] Elacoin | Released | Fair Elastic Scrypt Mining | No Premine

[wesjuhnl]

Noticed I made a typo naming the coin on my pool ha! http://eLc.hackshardgaming.net is now up. waiting on the software. Preregister now for your spot! I'm going to shutoff registration as soon as the coins released for about 5 hours.

Register doesnt even work...

+1

Not Found

The requested URL /register was not found on this server.
Apache/2.2.14 (Ubuntu) Server at elc.hackshardgaming.net Port 80

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[xibeijan]

Looks interesting.

[baus]

IN.

[JimmyFL]

I'm will have to agree with the earlier comments.  Making the awards equal to the hashing power is going to cause massive inflation, even if you halve block rewards every 9 months.  Does this coin have an eventual maximum number of coins that will be generated?

-static const int64 MAX_MONEY = 84000000 * COIN; // Litecoin: maximum of 840k coins
+static const int64 MAX_MONEY = 100000000 * COIN; // High limit

[Devianttwo]

Noticed I made a typo naming the coin on my pool ha! http://eLc.hackshardgaming.net is now up. waiting on the software. Preregister now for your spot! I'm going to shutoff registration as soon as the coins released for about 5 hours.

Register doesnt even work...

+1

Whooops! lol I forgot to copy the .htaccess file! Fixed! Now you can register

[p00chie]

maybe some quick orphans

[JimmyFL]

Noticed I made a typo naming the coin on my pool ha! http://eLc.hackshardgaming.net is now up. waiting on the software. Preregister now for your spot! I'm going to shutoff registration as soon as the coins released for about 5 hours.

Register doesnt even work...

+1

Whooops! lol I forgot to copy the .htaccess file! Fixed! Now you can register

I'm going to shutoff registration as soon as the coins released for about 5 hours. Why?

[killa12222]

Awesome! +1 for the early announcement

[wesjuhnl]

Noticed I made a typo naming the coin on my pool ha! http://eLc.hackshardgaming.net is now up. waiting on the software. Preregister now for your spot! I'm going to shutoff registration as soon as the coins released for about 5 hours.

Register doesnt even work...

+1

Whooops! lol I forgot to copy the .htaccess file! Fixed! Now you can register

I'm going to shutoff registration as soon as the coins released for about 5 hours. Why?

Dunno why mebbe cause he can ?

[super3]

I'm looking to buy 100 ELC for 10 LTC immediately when this is released. Whoever can get it to me first PM me.

[Isaacariah]

Noticed I made a typo naming the coin on my pool ha! http://eLc.hackshardgaming.net is now up. waiting on the software. Preregister now for your spot! I'm going to shutoff registration as soon as the coins released for about 5 hours.

Register doesnt even work...

+1

Whooops! lol I forgot to copy the .htaccess file! Fixed! Now you can register

Are the details in "Getting Started" correct? I am eager to have a functioning and ready to go .bat file that will auto-start trying to connect shortly before the coin is released tomorrow.

[Devianttwo]

yes they are correct. That is the Port I will be using for the pushpool

[wesjuhnl]

But if your there on release it wiser to start solo mining. Way more profit at the start.

[mine2mind112]

How many coin can be mined?

[wesjuhnl]

How many coin can be mined?

Quote from: centenary on Today at 09:27:05 AM
I'm will have to agree with the earlier comments.  Making the awards equal to the hashing power is going to cause massive inflation, even if you halve block rewards every 9 months.  Does this coin have an eventual maximum number of coins that will be generated?

-static const int64 MAX_MONEY = 84000000 * COIN; // Litecoin: maximum of 840k coins
+static const int64 MAX_MONEY = 100000000 * COIN; // High limit

[Cyberdyne]

How many coin can be mined?

Quote from: centenary on Today at 09:27:05 AM
I'm will have to agree with the earlier comments.  Making the awards equal to the hashing power is going to cause massive inflation, even if you halve block rewards every 9 months.  Does this coin have an eventual maximum number of coins that will be generated?

-static const int64 MAX_MONEY = 84000000 * COIN; // Litecoin: maximum of 840k coins
+static const int64 MAX_MONEY = 100000000 * COIN; // High limit

Translation for non-coders: 100 million can be mined.

[jubalix]

1 day notice is not enough notice you need about 3 days to make it credible

also this does not make logical sence

The more computational power you throw at it, the more each block will give.
The reward is halved every nine months to preserve the coin's value.


if there is  a limit per block then, thus increasing hash, must mean the usual you will get more from that block in proportion to your hash rate. This maths does not add up

[Cyberdyne]

1 day notice is not enough notice you need about 3 days to make it credible

But then where do you draw the line? Is 2.38 days credible?

[jubalix]

My apologies, source code has not being released because when the genesis block is released you would need to recompile anyways.

It's not a valid a reason not to release source code.
If you really want everything to be fair, you should release source code with unofficial/testnet genesis block and commit real genesis block at release time.
Otherwise it'll be a race "Who can compile it faster?".

The source code is out.

[Milkshake]

I'm will have to agree with the earlier comments.  Making the awards equal to the hashing power is going to cause massive inflation, even if you halve block rewards every 9 months.  Does this coin have an eventual maximum number of coins that will be generated?

The award is not equal to the hashpower. It is increased by the hashpower, however it is not 1:1.

Translation for non-coders: 100 million can be mined.

100 million can be mined, that's the current limit in the code, but say in 10 years the block reward is going to be a couple of satoshis of elacoins even with a very high amount of hashpower